Why intellectual property laws aren't worth defending

Let's not start a trade war over a bad policy

A store in Beijing.
(Image credit: AP Photo/Andy Wong)

China fired a warning shot at President Trump on Monday.

Pushing back against Trump's desire to impose tariffs on roughly $50 billion of Chinese exports, China placed tariffs of its own on roughly $3 billion of American imports. Stock markets plummeted in part on the news, with the Dow Jones Industrial Average falling over 450 points, or 1.9 percent, and the S&P 500 falling over 58 points, or 2.2 percent. China's move seemed to rekindle fears of a trade war.

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Jeff Spross

Jeff Spross was the economics and business correspondent at TheWeek.com. He was previously a reporter at ThinkProgress.